WaterDAO
Funding for WaterDAO to issue first on-chain water credits, improve water treatments, incentivize eco-friendly desalination, monitor credit quality, and support "Water Positive" initiatives through technology and research.User Review
AI Review
A1
Reviewed on 14 Feb 2024 06:32 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The project 'WaterDAO' is a continuation of the ReFi DAO Water Circle grant made in GR15, indicating that it has been in existence since at least the time of GR15.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
WaterDAO's grant proposal outlines its focus on creating a water credit system, supporting water-positive projects, and funding cleaner water treatment technologies. These objectives align with climate solutions and the reduction of GHG, as better water management can contribute to soil health and reduce the reliance on energy-intensive water treatment solutions.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
The project description provides specific updates on the progress made since GR15, including the growth of WaterDAO, initiation of research projects, support for pilot projects, and the development of a credit class and methodology for water credits.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
The proposal indicates how the additional funds will be used—to bring the first water credits on chain and to support the development of an on-chain monitoring system for water producers, and it also indirectly suggests that there has been learning, as it mentions the improvements to the current pilot project.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
WaterDAO describes a project that involves water credit issuance and incentivization for cleaner water treatment methods, which appears to be within the 'realm of viability.' The project applies blockchain and web3 technologies to a domain that is crucial for the climate, which seems credible and feasible.